N2EX spot market to be launched on 5 April 2011
Lysaker, 14 February 2011
Nord Pool Spot and NASDAQ OMX Commodities today announced that the N2EX spot market will be launched on 5 April 2011. Products for delivery 5 April will be released for trading Monday 4 April.
From 5 April, the N2EX market for trading of physical power contracts is complete, covering a day-ahead auction, prompt and spot market.
“We are proud to complete the physical market offering on N2EX in the UK with the spot market launch. We have successfully tested the systems for spot trading with core members during the latest months and the agreed launch date secures market readiness,” said Hans Randen, Director European Integration of Nord Pool Spot AS.
The spot market is a continuous market open from 00.15 to 23.45 every day where adjustments to trades done on the day-ahead auction or prompt markets are made.
The product calendar for the UK spot market can be found at www.n2ex.com - quick links – spot market information.
For further information, please contact N2EX:
Press contacts:
Hans Randen, Director European Integration, Nord Pool Spot, phone +47 6710 9170/47 9202 1326
Stina Johansen, Communications Manager, Nord Pool Spot AS, phone + 47 9165 0603
Trine Fersnes Riccardi, Director of Communications, Corporate Communications,
NASDAQ OMX Commodities, phone +47 6752 8080/+47 9574 7497
About N2EX
N2EX is the name of the UK power market offering from NASDAQ OMX Commodities and Nord Pool Spot. NASDAQ OMX Stockholm AB is the authorized clearinghouse.
The web site, www.n2ex.com, provides market information and documentation for the UK power market.
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority.
All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Stockholm AB, which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
NASDAQ OMX Commodities has more than 360 members from over 15 countries covering a wide range of energy producers, consumers and financial institutions.
For more information, please visit www.nasdaqomxcommodities.com.
About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. Nearly 340 companies from 18 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2010, the group had a turnover of 307 TWh representing a value of EUR 18 billion.
For more information, visit www.nordpoolspot.com.
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